ATLANTA, December 11, 2017–-Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today announced it has completed the sale of the 146-suite Embassy Suites located in downtown Winston-Salem, N.C. HVMG will retain management of the property.
“We are excited to remain as manager of the Embassy Suites Winston-Salem,” said Robert S. Cole, president and CEO, HVMG. “The Embassy Suites retains fantastic upside potential, and we are confident our familiarity with both the hotel and the marketplace will continue to allow it to enjoy market dominance. With six properties in North Carolina, the hotel and new owner will benefit from the economies of scale and market insights HVMG provides.”
Situated adjacent to the Benton Convention Center at 460 North Cherry Street, the hotel is a short 10-minute ride from Smith-Reynolds Airport and 20 minutes from Piedmont Triad International Airport. Hotel guests will enjoy nearby attractions such as the Winston-Salem Downtown Arts District, Piedmont Craftsmen Gallery, Old Salem and more than 75 parks for outdoor activities.
Spacious guest suites provide a private bedroom, separate living room with a sofa bed, armchair, work desk, wet bar, refrigerator, microwave, coffeemaker, flat-screen TV and free Wi-Fi Internet connections. The hotel’s dining options are comprised of The Grille Restaurant and Bar, and complimentary, made-to-order breakfast, as well as free drinks and snacks at the evening reception. The property has more than 57,000 sq. ft. of event space, including an eight-story atrium that accommodates 600 people, the Gaines Ballroom for weddings and the Grand Pavilion Ballroom, which can host 1,200 people for banquets. Additional amenities include the Glass Door Salon & Spa, a 24-hour fitness center and an indoor pool.
About Hospitality Ventures Management Group
Hospitality Ventures Management Group is a privately owned, fully-integrated hotel investment and management group that specializes in turning around and repositioning underperforming hotels as well as maximizing the performance of stabilized hotels. It currently operates 29 hotels in 16 states totaling 5,271 guest rooms. HVMG operates independent and boutique hotels and resorts, as well as full-service, select service and extended stay hotels under the Hilton, Marriott, Hyatt, Starwood and IHG brands. Visit www.hvmg.com for more information.